It recorded 155 deals worth 63 billion dirhams within 9 months
The UAE leads the region in mergers and acquisitions deals
The region continued to record higher activity for mergers and acquisitions deals.
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The Ernst & Young (EY) report on mergers and acquisitions in the Middle East and North Africa region revealed that 524 deals were recorded during the first nine months of this year, with a total value of $55.2 billion, indicating that the UAE maintained its top position in the list of the five most valuable countries. Attracting deals in the region, as it witnessed the registration of 155 deals with a value of $ 17.2 billion (about 63 billion dirhams).
The report showed that Egypt came second with 99 deals worth $3.9 billion, followed by Saudi Arabia with 58 deals worth $3.4 billion, then Morocco with 22 deals worth $1.9 billion, and then the Sultanate of Oman with 10 deals with a total value of $700 million.
The report indicated that the top five sub-sectors in the Middle East and North Africa region in terms of the value of announced deals include: transportation, real estate, consumer products, technology, banking services and capital markets.
The report also showed that the announced local merger and acquisition deals were the most recorded, as they constituted 51% of the total number of deals, while their value constituted 33% of the total value of announced deals in the region during the first nine months of 2022.
Mergers and acquisitions deals in the field of private equity and sovereign wealth funds represented 35% of the total number of announced deals and 38% of their value, while government-related institutions accounted for 38% of the total value of announced deals, with deals recorded at a total value of $21 billion.
"Despite the global economic uncertainty we live in, the Middle East and North Africa region continued to record higher activity for mergers and acquisitions," said Brad Watson, Head of Deals and Strategy for the Middle East and North Africa Region at EY.
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